Several sources have introduced that the very fashionable and safe messaging app, Telegram, will create its very personal cryptocurrency.

The Rise of Blockchain Technology in Messaging Apps

There is little question that 2017 was the yr of cryptocurrency and blockchain know-how. Cryptocurrencies, resembling Bitcoin, skyrocketed in worth over the course of the yr, and plenty of governments and companies began to understand the potential of the blockchain. To that finish, an enormous quantity of firms have determined to experiment, and even totally implement, blockchain know-how into their companies and platforms.
As blockchain know-how is quickly gaining extra help worldwide, many messaging apps have determined to experiment with it. instance for that is the Kin mission that was launched by the favored Kik cellular messaging app. The Kin ICO was in a position to elevate over $97 million by way of its ICO. Kik is planning to combine the Kin cryptocurrency into its messaging ecosystem and provide numerous decentralized companies. However, Kik isn’t the one messaging platform that’s specializing in blockchain know-how. Several sources have stated that Telegram can be planning to launch their very own blockchain community.
Telegram Launching Their Own Blockchain Network

A current information report by International Business Times introduced that the favored messaging app Telegram is planning to get into the blockchain recreation. Anton Rozenberg, a former worker of Telegraph, Telegram’s publishing division, posted a video that described Telegram’s new blockchain platform. According to the video, the brand new blockchain community can be referred to as the Telegram Open Network.
The blockchain platform is aiming to permit Telegram customers to immediately and cheaply use cryptocurrency worldwide. It is believed that the cryptocurrency will enable those that dwell in international locations with oppressive governments to bypass harsh rules and sanctions and be capable of pay for worldwide companies and items. Analysts assume that Telegram could announce its personal Initial Coin Offering with the intention to fund the right growth for its new blockchain platform. Experts additionally imagine that the brand new community will enable Telegram to implement a monetization route for its service.
On Rozenberg’s Facebook web page, he says (translated):
On the one hand, this assumption appears logical. In the sense that pavel durov loves hype and actually might assume it’s a great way to concurrently himself and lift cash to take care of telegram. And given his guarantees to not promote messenger, it’s a roughly the one approach to not break the phrase (if not making an attempt to gather donations like Wikipedia).
He additionally provides (translated):
According to the identical rumor, the thought of the thought was to launch its cryptocurrency, to embed it within the messenger and to announce the biggest variety of customers of the system by making an attempt to drive the etherium out. And in the present day I bought affirmation that these rumors had all of the bases: the mission can be referred to as ton (telegram open community), and there may be already a fantastic advert in star wars, actually, with none specifics.
However, it ought to be identified that there isn’t a official phrase from Telegram about this new blockchain community and cryptocurrency.
What are your ideas on this potential new blockchain community? Do you assume that Telegram customers will profit from it? Let us know within the feedback under!

Images courtesy of Pixabay and Facebook/Anton Rozenberg.
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